John Wood Group expects to top market forecasts

SimonKennedy

LONDON (MarketWatch) -- U.K. energy services company John Wood Group
WG., -2.00%
said Monday that it expects to perform "somewhat ahead of expectations," due to the continued strength in energy markets. The group said the strongest performance came from its engineering and production facilities division, which benefited from high demand and the contribution from projects acquired late in 2007. The group said it's also increased its committed bank facilities by $200 million to $950 million, which it said provides a platform for future growth.

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